Money and Exchange Rates: Rand Converter, Allowances and Money Guides

Everyday money information for South Africans: what the rand is worth, how to send and spend money abroad, interest rates, loans and tax. Exchange rates on this site come from the European Central Bank’s daily reference rates.

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Money and Exchange Rates Questions

Where do the exchange rates come from?

From the European Central Bank’s reference rates, published every working day.

How much money can I send abroad?

Adults can send or spend up to R2 million a year under the single discretionary allowance without SARS approval.

Why does my bank give a different rate?

Banks add a margin and fees to the reference rate.